Tractor Market Report Overview, Share, Size, Trends, Growth and Forecast 2025

Global Tractor Market Research Report and Forecast 2025

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Report Description and Highlights

Report Description Global Tractor Market Overview:

A tractor is a specially designed vehicle to provide high torque at a slow speed. Tractors are primarily used in the agriculture industry to perform plowing, tilling, harrowing, disking, and planting. They are also employed in earthmoving, load carriage, and building activities in the construction sector. The increasing labor costs, growing demand for plant-based food products, improving rural incomes, and rising number of government initiatives are driving the demand for tractors in the agriculture sector.

Global Tractor Market Trends The emergence of precision farming and the increasing utilization of farm mechanization to enhance field productivity are propelling the adoption of tractors for several agricultural purposes. Furthermore, the growing number of farm training programs to promote the adoption of agricultural machinery on a large scale is also driving the demand for tractors. Several government bodies are offering subsidies and financial support to accelerate the automation of various agrarian processes, thereby inducing the market growth. Additionally, the rapid increase in building and construction projects further inflates the demand for tractors in the construction industry. Moreover, various technological advancements have led to the emergence of advanced tractors with pre-installed GPS and telematics devices.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

Request for a free sample report: https://www.imarcgroup.com/tractor-market/requestsample The growing traction of automated commercial vehicles and global penetration of wireless connectivity for remote monitoring is expected to drive the global tractor market.

Report Description and Highlights

Report Description Tractor Market Segmentation: Breakup by Power Output: • • •

Below 40 HP 40 HP - 100 HP Above 100 HP

Breakup by Drive Type: • •

2-Wheel Drive 4-Wheel Drive

Breakup by Application: • • • •

Agriculture Construction Mining Forestry

Report Description and Highlights

Report Description •

Others

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

For more information, click here: https://www.imarcgroup.com/tractor-market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Agco Corporation Argo Tractors S.p.A Changzhou Dongfeng Agricultural Machinery Group Co. Ltd

Report Description and Highlights

Report Description • • • • • • • • •

CLAAS KGaA mbH CNH Industrial N.V. Deere & Company Escorts Limited Kubota Corporation Mahindra & Mahindra Ltd. (Mahindra Group) Sonalika Group Tractors And Farm Equipment Limited (Amalgamations Group) Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.).

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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